Pardon my tardiness, I was at a doctors appointment having my organs inspected.
The market cannot catch a bid because no one knows or understands the fate of the European banking system. This is redundant and I apologize for telling you what you already know. But here’s what needs to be done.
Cash positions should be north of 25% and your positions should be in mega-cap dividend payers. If you want beta, look towards gold and silver stocks. They’ve been manhandled and sellers exhaustion may be taking place there now, with most miners up sharply for the day.
If the European banking system really collapses, well, you’re looking at Dow 10,000 in a day. I don’t think those stupid bastards will just sit by and let that happen, unless of course they want it to happen.
This slow drip lower is worse for stocks than a giant flush. This is the sort of tape that wears people down, until they all capitulate at once, like in a crash scenario. Do yourselves a favor and get defensive and avoid trying to buy cheap stocks. Sure, lots of names are cheap. AAPL is fucking absurdly valued; but it has been used as a bank for about a year and now people want their money back.
One thing is for certain: QE3 is coming, whether you fucking faggots like it or not. Until then, it’s all mystery meat with every bite. Valuations mean nothing when stocks are being used as “source of funds.”
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third summer in a row…. same shit, different day… 🙁
Poor Mr Fly. Checkout renewable energy; the guys sitting in front of congress today are sitting on contracts for $3Billion. They are creating energy from renewable resources. Turning Federal 1702 money into Real Cash.
Mrs Fly: Understand this pal, mega cap divvies means no more Yelp. Capiche?
BANNED
Banned as in banished to the couch by Mrs. Fly for averaging down on Yelp?
I will be adding to my TNA position today. The starter position in AGQ I went long of yesterday is doing nicely. UCO? Not so much. May have to add some more UCO shares today to the 2 tranches I’ve purchased this week.
Adding to my long positions here is metaphorically equivalent to stalking through the long grass. Yesterday, whilst stalking, I came upon a good ambush spot only to find the Bearded Clam already crouched there. He was staring intently ahead and barely noticed my approach. He turned slowly to look at me and then even more slowly returned his gaze to the shorts grazing peacefully in the meadow in front of us. While watching the shorts he snarled, as much to himself as to me; “Imma git dem bitchez” (sic)
Sentiment readings here are close to levels that are the hallmarks of market bottoms, not tops. You bitchez (sic) been warned.
I grabbed tna too for swing, but TLT looks scary and europe is a mess.
Europe has been a God damn mess for 3 years now. Yet some way some how they pump it back up again. This time will be no different.
I am not trying to talk shit, I just want to know how you deal with stuff like AAPL. Do you still own it?
yes
How do you handle that? Do you have certain criteria when to dollar cost avg?
YELP going for new lows as well
No it isn’t
I feel much better now that I am neutral to calamity
eurolande’s version of lehman bros seems on the way
is it possible to go down on qe3?
how unlikely is it?
As likely as it is for you to go down on me.
you ruined my question asshole
How can I ruin your question whole ass? You already asked it before I responded. What a maroon!
The European Union looks like a flawed concept. The “bailout” of Greece two years ago didn’t work.
what could cause the collaspe of all fiat currency? i know it seems far out but,been thinkin about this since 2008.
Cough test? Nohomo
Pain on side, radiating from hip to shoulder blade.
Kidney stone?
no idea
Shit. Sorry to hear that.
Hope you got some painkillers at least. Get tuned up on those and take your mind of this son of a whore market.
Uh oh. Getting older sucks!
Oh man. Sorry to hear. Get well.
BIS and puppet masters want another collape- this will allow them to seize more control and more debt.
FWIW commodities being used as a source of funds is my darn Shanghai Copper Bubble Thesis in non Nymph speak. SPX at key fibo support in the 1311/1315ish level, with G8 starting it would make sense for sometype of rest about now.
I wish you fuckers would quit trying to shake me out.
FB IPO might be a factor in the sell-off. Lots of cash being freed up.
Now there’s a thought…
oh did you see the BoE dove saying no QE unless DEEP recession for UK. Maybe one clam I won’t have to worry about. Last night China went all 2009 and added the money back for TV’s, air conditions, certain cars..so maybe their consumer numbers should be a little better in a few months, unless their homes become worthless…which is so american.